Foundations Investment Advisors LLC Raises Stock Position in Black Hills Corporation $BKH

Foundations Investment Advisors LLC increased its holdings in shares of Black Hills Corporation (NYSE:BKH) by 178.8% in the 4th quarter, HoldingsChannel reports. The firm owned 17,562 shares of the utilities provider’s stock after acquiring an additional 11,263 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Black Hills were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. ProShare Advisors LLC raised its holdings in shares of Black Hills by 10.8% during the third quarter. ProShare Advisors LLC now owns 736,014 shares of the utilities provider’s stock worth $45,331,000 after purchasing an additional 71,963 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Black Hills by 67.7% in the third quarter. JPMorgan Chase & Co. now owns 618,131 shares of the utilities provider’s stock valued at $38,071,000 after buying an additional 249,640 shares in the last quarter. Greenland Capital Management LP increased its holdings in Black Hills by 140.6% in the third quarter. Greenland Capital Management LP now owns 29,573 shares of the utilities provider’s stock valued at $1,821,000 after buying an additional 17,280 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Black Hills by 84.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,944 shares of the utilities provider’s stock valued at $976,000 after buying an additional 7,314 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in Black Hills in the third quarter valued at $1,354,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Black Hills Stock Down 0.3%

BKH stock opened at $72.84 on Friday. The stock has a market capitalization of $5.55 billion, a P/E ratio of 18.97, a P/E/G ratio of 2.88 and a beta of 0.74. Black Hills Corporation has a 52 week low of $55.49 and a 52 week high of $78.69. The firm has a 50-day simple moving average of $73.04 and a 200-day simple moving average of $72.19. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.99.

Black Hills (NYSE:BKH) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.09). The business had revenue of $780.70 million for the quarter, compared to analyst estimates of $769.19 million. Black Hills had a return on equity of 7.77% and a net margin of 12.61%.The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.87 earnings per share. Black Hills has set its FY 2026 guidance at 4.250-4.450 EPS. Equities analysts forecast that Black Hills Corporation will post 4.34 earnings per share for the current fiscal year.

Black Hills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a dividend of $0.703 per share. The ex-dividend date is Friday, May 15th. This represents a $2.81 dividend on an annualized basis and a yield of 3.9%. Black Hills’s payout ratio is presently 73.18%.

Analyst Ratings Changes

A number of research analysts have weighed in on BKH shares. LADENBURG THALM/SH SH started coverage on shares of Black Hills in a report on Wednesday, April 1st. They issued a “buy” rating and a $77.00 price objective for the company. Weiss Ratings raised shares of Black Hills from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, May 21st. BMO Capital Markets lifted their price objective on shares of Black Hills from $84.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. Bank of America lifted their price objective on shares of Black Hills from $72.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, Wall Street Zen cut shares of Black Hills from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.40.

Insiders Place Their Bets

In related news, Director Robert P. Otto sold 4,109 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $74.22, for a total transaction of $304,969.98. Following the transaction, the director directly owned 10,886 shares in the company, valued at approximately $807,958.92. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

Black Hills Company Profile

Black Hills Corporation is a diversified energy company based in Rapid City, South Dakota, that provides electricity and natural gas distribution services to residential, commercial and industrial customers. Through its regulated utility subsidiaries—Black Hills Power, Cheyenne Light & Power, and Black Hills Energy—the company delivers reliable energy across Colorado, Kansas, Montana, Nebraska, South Dakota and Wyoming.

In addition to its distribution operations, Black Hills owns and operates a generation portfolio that includes natural gas–fired plants, coal-fired units, hydroelectric facilities and wind projects.